Bitcoin tumbled on Monday and slumped again on Tuesday morning. R.Tsubin/Getty Images The bitcoin price tumbled for a second straight day on Tuesday, briefly plunging below $46,000 before regaining some ground, as investors second-guessed the recent market rally. Bitcoin (BTC) stood at $49,179 at 7.55 am ET on Tuesday - after hitting a record high of more than $58,000 on Sunday - taking its one-day losses to around 8.8% on the Coinbase exchange, although trading was very volatile. That put it on track for the biggest daily drop since the currency shed around 13% on January 21. At one point on Tuesday morning bitcoin had shed 17% to as low as $44,888 on Coinbase, which would have been the biggest fall since March 2020. Bitcoin has soared in 2021, with the price more than doubling this year to reach a record $58,376. Increased interest from big companies such as Tesla, as well as record amounts of stimulus, have powered the rally. Yet the price tumbled to below $47,000 on Monday ...